AT&T (T) said Monday it is on track to meet all of its financial and operational guidance goals for 2025 and beyond.
The company's multi-year strategic plan should generate more than $50 billion of financial capacity over the next three years, largely through organic growth, but also from free cash flow, cash proceeds from the upcoming sale of AT&T's stake in DirecTV and net borrowing capacity, the company said.
AT&T also expects to return over $40 billion to shareholders through 2027, with plans to distribute around $20 billion to investors by maintaining its annualized dividend at $1.11 per common share.
It also plans to pay out the remaining $20 billion through stock buybacks, including $10 billion of share repurchases under its current authorization expiring in 2026 and another $10 billion for 2027.
The company also plans roughly $10 billion for strategic investments, debt repayment, additional dividends or share repurchases.